Canada’s Economy Stalls as Factory Decline Offsets Housing – Is The Canadian PM To Blame?

The recovery in goods-producing sectors came to a halt in February

Source: Canada’s Economy Stalls as Factory Decline Offsets Housing – Bloomberg

“Canada’s economy unexpectedly stalled in February as manufacturing and production in other goods producing sectors shrank during the month. The real estate sector, which expanded 0.5 percent, had its best one-month gain since 2015 as housing in Toronto soared.

Gross domestic product was unchanged in February, Statistics Canada said Friday from Ottawa. Economists surveyed by Bloomberg predicted a 0.1 percent gain in February, after a 0.6 percent jump in January.”

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